Industrial market is ripe for expansion

Key Takeaways

  • Vacancy is expected to decrease as more business is drawn to Columbia.
  • Conditions are good for providing skilled employees.

Market Conditions

South Carolina is a flurry of industrial activity, as the plans of an expanding Port of Charleston come to fruition, logistics infrastructure improvements begin, and global companies continue to locate and invest in South Carolina. There are positive changes to be seen throughout the state. South Carolina was ranked #2 on the 2017 Top States for Doing Business commentary by Area Development magazine, in addition to being awarded a “2017 Silver Shovel Award” in the States with 3 to 5 Million Population category. The Shovel Awards are awarded to states that are “compiling healthy and impressive rosters of projects and announcements, expansions and new facilities.”

With these statewide honors, it is easy to see why business is picking up across the state, and central South Carolina is no exception. Industrial employment comprises 12.2% of the total workforce; in addition, there have been 3,900 total non-farm jobs added in the last twelve months, which is a 2.1% increase over last year.

As major global employers locate throughout South Carolina, they strive to hire employees who have the skillset to fill the positions needed. ReadySC and Apprenticeship Carolina are partnered with a network of five technical colleges within the Midlands area who provide workforce training and apprenticeship programs to ensure that, when employers locate in South Carolina, they provide capable, skilled employees. This is critical, as the growing economy makes it more difficult for companies to find skilled labor to fit their needs.

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